Wheeling, WV - Newest New Home Sales Decline Year-Over-Year in January After Rising Year-Over-Year in December
Posted on: May 07, 2012 09:56:45 AM
Sales of new homes dropped year-over-year in January in the Wheeling, WV market, a decline following a rise in December 2011. New home sales moved from two a year earlier to none after the figure moved from two in December 2010 to three in December 2011.
A total of 14 new homes were sold during the 12 months that ended in January, down from 16 for the year that ended in December.
New home sales were none of the 65 total sales, down on a percentage basis from two of 85 a year earlier. Following a year-over-year decline in December, sales of new and existing homes also slid year-over-year in January.
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Other Market Trends
Foreclosures and real estate owned (REO) sales continued to decline from a year earlier in January, but did not appear to be dragging the market. Together, foreclosures plus REO sales accounted for 24.6% of existing home sales, down from 56.6% a year earlier. The percentage of existing home sales involving foreclosures declined to 18.5% in January from 43.4% a year earlier while REO sales as a percentage of existing home sales declined to 6.2% from 13.3% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Wheeling, WV - Newest New Home Sales Decline Year-Over-Year in January After Rising Year-Over-Year in December
Posted on: May 07, 2012 09:56:45 AM
Sales of new homes dropped year-over-year in January in the Wheeling, WV market, a decline following a rise in December 2011. New home sales moved from two a year earlier to none after the figure moved from two in December 2010 to three in December 2011.
A total of 14 new homes were sold during the 12 months that ended in January, down from 16 for the year that ended in December.
New home sales were none of the 65 total sales, down on a percentage basis from two of 85 a year earlier. Following a year-over-year decline in December, sales of new and existing homes also slid year-over-year in January.
Other Market Trends
Foreclosures and real estate owned (REO) sales continued to decline from a year earlier in January, but did not appear to be dragging the market. Together, foreclosures plus REO sales accounted for 24.6% of existing home sales, down from 56.6% a year earlier. The percentage of existing home sales involving foreclosures declined to 18.5% in January from 43.4% a year earlier while REO sales as a percentage of existing home sales declined to 6.2% from 13.3% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence